Tocqueville Asset Management L.P. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 897,661 shares of the e-commerce giant’s stock after purchasing an additional 5,195 shares during the period. Amazon.com accounts for about 1.8% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 6th largest holding. Tocqueville Asset Management L.P.’s holdings in Amazon.com were worth $92,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. St. James Investment Advisors LLC boosted its holdings in Amazon.com by 97.7% in the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Planning LLC lifted its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com in the fourth quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth $38,000. Finally, Ruedi Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth $40,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Trading Up 0.1 %
NASDAQ:AMZN opened at $138.12 on Tuesday. The company has a market capitalization of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63. The stock’s 50 day moving average price is $133.12 and its 200 day moving average price is $116.55. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Analyst Ratings Changes
AMZN has been the subject of a number of research analyst reports. BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target for the company in a report on Friday, August 4th. Piper Jaffray Companies increased their target price on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Telsey Advisory Group boosted their price target on shares of Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. UBS Group lifted their target price on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Needham & Company LLC boosted their target price on Amazon.com from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.87.
Get Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the sale, the chief executive officer now directly owns 510,301 shares in the company, valued at $71,952,441. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,361,829 shares of company stock worth $48,444,937. 12.70% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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